Republican lawmakers have questions for House Speaker Kevin McCarthy about his plan but are optimistic. They hope to pressure the White House and Senate into negotiating.
briefed House Republicans on the outlines of a bill to raise the debt ceiling in exchange for spending cuts and policy changes, lawmakers emerged seeking more details, but they were optimistic about the prospect of writing a bill that could win the support of at least 218 members of their party.
The plan would aim to curb spending by pulling back any unspent funds allocated to fight COVID-19 and include some key GOP policy priorities like implementing additional work requirements for recipients of federal aid, boosting oil and gas production and reforming the permitting process. "There is some sentiment in the conference that we need a stronger package because things are going to be taken out in the Senate. You want to have as much leverage as possible," said Rep. Nancy Mace, a South Carolina Republican who is among the more moderate legislators in the conference."I'm not sure we're there yet."
"There are a number of really critical details that we've still got to work out before making a final decision on it. But it's been a very productive discussion, a lot of good ideas," he told reporters after the meeting. At least one Republican, Rep. Tim Burchett of Tennessee, said that he's currently a no on raising the debt ceiling but said he could"possibly" be swayed over policy elements he likes, such as work requirements.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Republican U.S. House Speaker McCarthy to pitch spending cuts on Wall StRepublican U.S. House Speaker Kevin McCarthy plans to make his case for cuts in federal spending to accompany a lifting of the government's $31.4 trillion debt ceiling in a speech at the New York Stock Exchange on Monday.
Read more »
House Speaker Kevin McCarthy on Wall Street to deliver speech to New York Stock ExchangeHouse Speaker Kevin McCarthy will address the state of the economy and is expected to outline how Republicans plan to raise the debt ceiling for a year.
Read more »
House Speaker McCarthy opens next phase of debt ceiling fight with direct pitch to Wall StreetPresident Joe Biden has not budged on his refusal to negotiate with House Republicans over the debt limit.
Read more »
US House Speaker McCarthy pitches budget cuts for debt limit voteU.S. House of Representatives Speaker Kevin McCarthy on Monday outlined a federal spending-cut plan being sought by his fellow Republicans with ideas already floated and rejected by Democrats, and warning that these conditions must be attached to an urgently needed increase in the government's debt ceiling.
Read more »
House Speaker McCarthy Vows to Pass Bill to Raise Debt Ceiling — With Spending CapHouse Speaker Kevin McCarthy pledged on Monday to pass legislation to raise the nation's debt ceiling — but on condition of capping future federal spending at 1% — as he lashed out at President Joe Biden.
Read more »